Powertrain Market To Grow At A Fast Pace Due To High Emerging Demand 2014 - 2020
Global Powertrain Market - An Overview As per Transparency Market Research, the global powertrain market is on a healthy upward growth curve owing to a number of factors. Some of these include technological advancement and aa favorable regulatory framework. By the year 2020, the global powertrain market is set to reach a value of USD 0.5 billion. The CAGR is set to be 5.30% from 2014 to 2020. It is worthy of noting here some of the factors that are shaping up the future of the global powertrain market . These include the following: Engine downsizing and automated transmission are the next big things in the market because for reasons of environmental conservation, need for reducing fuel emission is only going to increase in the coming few years. Besides government across the globe are trying to cut down carbon dioxide emission, helping the growth of global powertrain market over the forecast period. Demand for high traction, towing capacity and acceleration is also underscoring growth ...